MRP Shareholder Reward is ComingI remain very optimistic, see below from end April posted MRP sedar MDA:
- MRP has the preliminary Reserve Update and will be significantly larger
- Progressing towards drilling/production in Q4 2012, export in Q1 2013, speculation on my part of 4000-6000 bopd from TSB #1 alone
- In Feb 2012, MRP received SEVERAL expressions of interest
- Either we get bought out soon or we are producing up to 6000 bopd end of year with more to come from other wells in the field
- In all cases our market cap will be significantly higher
We have supplied RPS with all of the data from the field as well as several
of the adjacent fields in the area. The preliminary results, yet to be certified, suggest that we will significantly
enhance the resources within the field. Final Certified Resource Numbers are anticipated in mid to late May
2012.
All DPR permitting for the drilling and completion of TSB 3, the completion of TSB 1 and the
export pipeline are progressing with the goal to be able to drill, complete TSB 3/1 in the fourth quarter of 2012
and initiate production and export in the first quarter on 2013.
On February 22nd 2012, Mira’s Board of Directors, in response to several unsolicited expressions of interest in
Mira, engaged First Energy Capital Corporation (www.firstenergy.com) to initiate the process to identify,
examine and consider a range of strategic alternatives available to Mira with the view to maximizing shareholder
value. Once the new Resource Assessment is completed, which is anticipated in mid to late May, the Mira Board
of Directors and First Energy will meet to decide the most appropriate path forward to maximize share holder
value.